Description
AUBURNDALE INVESTMENT OPPORTUNITY TWO SEPARATE RESIDENCES $2,900/MONTH CURRENT GROSS RENTAL INCOME APPROX. $80,000 IN IMPROVEMENTS ALSO AVAILABLE FOR LEASE SELLER MOTIVATED! Welcome to 517 Oak St, Auburndale, FL 33823, an income-producing property featuring two separate residences/living spaces and established rental income. The 4-bedroom, 3-bath residence is currently leased at $1,500/month, and the 2-bedroom, 2-bath residence is currently leased at $1,400/month, generating combined current gross rental income of $2,900/month ($34,800 annually). The owner reports approximately $80,000 in renovations and improvements, creating an attractive opportunity for investors seeking a property with existing rental income and multiple living spaces. Sale is subject to applicable existing lease terms. ADDITIONAL LEASE OPTION: Property is also offered for lease at $2,900/month, subject to existing leases, availability, lease terms, application requirements, and approval. Ask for complete lease and occupancy details. Conveniently located in Auburndale, Florida, with access to I-4, Lakeland, Winter Haven, Orlando, and Tampa, along with shopping, dining, schools, medical facilities, employment centers, and other Central Florida amenities. ALTERNATIVE HOMEOWNERSHIP OPTION: A separate bank-funded lease-to-own/homeownership program may also be available through a third-party provider for qualified applicants. Depending on program guidelines, alternative income documentation may be available, which may include recent bank statements rather than relying solely on traditional tax-return documentation. Program availability, income documentation, credit standards, required funds, occupancy requirements, property eligibility, terms, and final approval are determined solely by the participating third-party provider. This is not seller financing, and approval is not guaranteed. Ask for complete program details and qualification requirements. SELLER MOTIVATED! Property and lease information available upon request. Buyer and buyer's agent are encouraged to independently verify property use/classification, zoning, measurements, rental income, existing lease information, occupancy, program eligibility, and all other information deemed important. INVEST LEASE OR EXPLORE AN ALTERNATIVE PATH TO HOMEOWNERSHIP - SCHEDULE YOUR SHOWING TODAY!
Details
| MLS # | O6422400 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1930 |
| Days On Site | 71 |
| Listing Provided By | IAD REAL ESTATE | Merly Esgro |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 950 |
| Car Port | Yes |
| Story(s) | 1 |
| Zoning | R-3 |
| Acreage | 0.19 |
Taxes
| Property | 3322 |
|---|
Area Information
| State | FL |
|---|---|
| County | Polk |
| City | AUBURNDALE |
| Zip Code | 33823 |
| Area | 33823 Auburndale |
| Community Name | AUBURNDALE HEIGHTS |
| Listing VS Median (in AUBURNDALE HEIGHTS) | |
Price: $319,900 low | high Med: $293,250 sqft: 950 low | high Med: 1,507 $ / sqft: $337 low | high Med: $202 On site: 71 low | high Med: 137.5 | |
Market Activity 33823
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Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of September 14, 2026 at 6:05:45 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
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Learn More About This Property
| State | FL |
|---|---|
| County | Polk |
| City | AUBURNDALE |
| Zip Code | 33823 |
| Area | 33823 Auburndale |
| Community Name | AUBURNDALE HEIGHTS |
| Listing VS Median (in AUBURNDALE HEIGHTS) | |
Price: $319,900 low | high Med: $293,250 sqft: 950 low | high Med: 1,507 $ / sqft: $337 low | high Med: $202 On site: 71 low | high Med: 137.5 | |
